Problem 2 A small firm has the following on its balance sheet: Assets ($) Cash (a) If total long-term debt is $6,000 and total current Short-term investments liabilities are $14,000, what is the book value of Accounts receivable equity? (b) Holding other factors constant, by how Inventory much would the firm's cash position need to Other current assets increase so that the quick ratio was 50%? Total current assets Long-term assets Total assets 500 2,000 3,000 5,000 2,000 12,500 10,000 22,500